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8 Reportedly Injured in Houthi Terrorist Drone Attack at Abha International Airport
- August 31,2021
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- SUSTG Team
At least eight people were wounded on Monday in Houthi terrorist drone strikes on Saudi Arabia’s Abha International Airport, Reuters reports, citing local sources and news outlets. The terrorist attack also also damaged a civilian airplane, Saudi state TV reported.
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Saudi Arabia’s Non-Oil Exports Rise 52 Percent in Q2 2021, Data Show
- August 30,2021
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- SUSTG Team
Saudi Arabia’s non-oil exports rose a whopping 52 percent during the second quarter of this year as evidence the kingdom’s economy continues to recover from the pandemic continues to mount. The total value of exports for the three-month period to the end of June increased to 238.6 billion Saudi riyals ($63.62bn), the Saudi Press Agency […]
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Saudi Arabia’s Technology Ministry Announces ‘LaunchKSA’ to Power Digital Innovation with $1 Billion Backing
- August 27,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) announced the launch of LaunchKSA, which promises to enhance innovation, augment digital know-how, support youth, and transform Saudi Arabia into the region’s largest digital economy.
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Saudi Arabia’s June Non-Oil Exports Rise by 41%; Oil Exports Rise 123% to Over $16 billion
- August 24,2021
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- SUSTG Team
The value of Saudi Arabia’s non-oil exports, a key indicator for the Kingdom’s ongoing effort to diversify its economy, soared 41% in the month of June, according to reports citing official data released by the government on Tuesday.
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Kingdom’s Sights Remain on Renewables as Energy Ministry Allocates Land Plots for Solar
- August 20,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Energy is building two renewable energy plants on land plots with a total area of 12 million square meters (4.6 square miles) to generate 600mw of energy, according to Zawya via the Saudi Press Agency. The two announced plans fit into the Kingdom’s ongoing solar and renewable power ambitions. Saudi Arabia […]
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IATA Lauds Saudi Embrace of Travel Pass for Covid Vaccination Clearance
- August 19,2021
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- SUSTG Team
The International Air Transport Association (IATA) said in a press release that it welcomed the decision of the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia to accept IATA Travel Pass to confirm pre-departure COVID-19 test results for departing and arriving passengers starting 30th of September 2021.
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Saudi Arabia’s Public Investment Fund Raises Stake in California-Based Activision Blizzard Inc.
- August 18,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) significantly increased its stake in California-based entertainment and games company Activision Blizzard Inc. last quarter, buying 37.9 million shares with a market value of $3.6 billion, according to Bloomberg.
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Saudi Aramco Joins ACWA Power, Others in $1 billion Sudair Solar Power Plant Development
- August 16,2021
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- SUSTG Team
A consortium that is developing Saudi Arabia’s largest solar project has reached financial close for the nearly $1 billion plant, and has secured the backing of state oil producer Saudi Aramco, according to Bloomberg. According to the report, Aramco, through a unit called The Saudi Aramco Power Company (SAPCO, will hold a 30% stake in the […]
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C3 U.S.-Arab Healthcare and Business Summit Returns September 20-21 with In-Person Conference in New York
- August 13,2021
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- SUSTG Team
The C3 U.S.-Arab Healthcare and Business Summit will return to a live, in-person conference format this September 20-21 in New York City as the event focuses on the impact of innovation, investment and global cooperation on healthcare and business.
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Saudi Issues Record Number of Foreign Investor Licenses in a Single Quarter, MISA Says
- August 11,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Investment (MISA) reported issuing 478 new licenses in the first quarter of 2021, “the most number in a single quarter since records began in 2005” and a 36% increase from the same quarter last year, according to reports.
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MUST-READS
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Analysis: Saudi Arabia set to compete fiercely with major Asian gasoil exporters with Jazan startup
The kingdom's latest 400,000 b/d domestic refinery and petrochemical project in Jazan, located on the Red Sea, is expected to start commercial operations some time in mid-2020, S&P Global Platts reported earlier. At full capacity, Jazan will produce 209,900 b/d of ultra-low sulfur diesel, 71,400 b/d of 91 RON and 95 RON gasoline, 48,500 b/d of high sulfur fuel oil and 6,700 b/d of LPG, according to an Aramco corporate presentation at an industry conference in June.
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Traveling private collection of Banksy artworks lands in Saudi Arabia
The traveling exhibition, which has already made its way to Amsterdam, Berlin, Melbourne, and Paris, will land in an Arab country for the first time ever. It showcases over 80 iconic creations from multiple private collections including photographs, multi-media prints, and a documentary on the artist and his work.
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AISaudi Arabia’s Artificial Intelligence Dreams
Though the industry is still in a nascent stage, there are already a host of startups in Saudi Arabia. Some current Ai startups include Lucidya, an Ai-analytics firm for businesses to monitor their global presence in the social media world. UnitX, a supercomputing and Ai firm that was founded at and financed by King Abdullah University. Healthcare firm Nala, which uses Ai to offer instant diagnosis of patients' issues in Arabic. As of November 11th, 2019, Nala had boasted over 50,000 patient diagnoses on their platform throughout Saudi Arabia.
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Riyad BankSaudi Arabia’s Riyad Bank starts marketing 10-yr dollar sukuk
The bank hired JPMorgan, Riyad Capital and Standard Chartered to lead the deal. First Abu Dhabi Bank and HSBC are also involved in arranging the potential debt sale, which is expected to close later on Tuesday. The Tier 2 subordinated sukuk sale is part of a $3 billion issuance programme.
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Reema bint Bandar interview: Saudi Arabia is Washington’s Closest Partner in Region
The greatest challenge Saudi Arabia is facing in the US is the stereotypical image that some sides still have of the Kingdom, she lamented. But even this image is being broken down in the US and in different parts of the world as the Kingdom continues along the path of its Vision 2030.
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Kuwait, Saudi Arabia start trial oil pumping from divided zone: Kuwait minister
Fadhel said that he expects oil production from the Neutral Zone to reach 550,000 barrels per day before the end of the year. The production from the zone is divided between both Kuwait and Saudi Arabia. The minister also said Kuwait now aims to boost its oil production capacity to 4 million bpd by 2040, after revising the country’s oil strategy.
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5GSTC launches its first 5G smart campus in Saudi Arabia
The new Smart Campus will facilitate the introduction of different service standards for enterprises, oil rigs, gas exploration, education, medical treatment, mining and other industries with diversified and remote infrastructure to resolve challenges related to capacity, density, coverage, security, high operational cost and complex management.
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NetflixNetflix Nabs Short Films From Saudi Arabia Start-up Telfaz11 Studios
Netflix has picked up a slew of short firms from Saudi Arabia start-up Telfaz11 Studios. The streamer has nabbed six films, which aim to shine a light on thought-provoking subjects with a focus on social themes. The films will be available to watch in 190 countries from February 27. The digital platform will badge the films under the banner Six Windows in the Desert.
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EducationKSA Starts Overhauling Saudi Arabia’s Educational System
The ministry has 47 directorates and 422 education offices to oversee 300,000 schools, 27 public universities, 15 private universities, 46 private colleges, 70 technical colleges, 96 technical institutes and a group of private training institutes. Sheikh said the ministry employs 516,000 elementary and secondary school teachers, 70,000 university teachers, 12,000 trainers and 300,000 administrative staff.
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Rub Al-KhaliExplorer saw nature’s sheer beauty and power in Saudi Arabia’s Empty Quarter
He was mentally prepared for encounters with dangerous creatures ranging from wild cats to deadly scorpions. But what turned out to be the biggest danger was the desert itself, Calderan said, recalling a moment when he stood before a “mountain of dunes” as high as 300 meters. “It was as if I had travelled to hell — and it was the first time in my life I started to pray in order to come out,” he said.
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